Korea, the first Asian country that reached the agreement with a group of five countries in Central America, required them to implement the free trade agreement. Among the five countries, Nicaragua finished its internal procedure to implement the FTA.
The Preferential Trade Agreement Between MERCOSUR and India Consolidates Nearly Two Decades as a Pivot for South-South Cooperation
Since its implementation in 2009, this tariff instrument shared by Argentina, Brazil, Paraguay, and Uruguay has been key to diversifying the block’s export destinations and strengthening trade with one of the most dynamic economies in the Asia-Pacific.



